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Investment Highlights

  • Located within Delaware's rapidly growing MOT (Middletown-Odessa-Townsend) corridor
  • Significant residential development continues to fuel population and consumer spending growth
  • Convenient access to Route 1, Route 13, and U.S. 301
  • Significant residential development continues to fuel population and consumer spending growth
  • Strategic location serving both New Castle and Kent County markets

Executive Summary

Situated at the signalized intersection of Summit Bridge Road and Pine Tree Road in Townsend, Delaware, this ±9,999 SF commercial investment property offers a rare opportunity to acquire an asset within one of the state's fastest-growing residential and commercial corridors. Positioned on approximately 1.70 acres with over 214 feet of frontage, the property benefits from exceptional visibility and exposure along a major growth route serving the rapidly expanding Middletown–Odessa–Townsend market.
Continued residential development, population growth, and increasing consumer demand have fueled strong market fundamentals, supporting long-term value appreciation and tenant demand. With convenient access to Route 13 and regional connectivity to Wilmington, Dover, and Maryland, the property is strategically located to serve a broad trade area and represents an attractive investment opportunity in a high-growth Delaware market.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,999 SF
Building Class
C
Year Built
2007
Price
$4,338,102 CAD
Price Per SF
$433.85 CAD
Cap Rate
6.75%
NOI
$292,822 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.70 AC
Zoning
25C
Parking
25 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
214’ on Summit Bridge Rd

Amenities

  • Signalized Intersection
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
25-002.00-094
Land Assessment
$474,120 CAD
Improvements Assessment
$2,296,831 CAD
Total Assessment
$2,770,951 CAD
  • Listing ID: 40832399

  • Date on Market: 2026-06-08

  • Last Updated:

  • Address: 5999 Summit Bridge Rd, Townsend, DE 19734

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